Looking to start investing full-time

Looking to start investing full-time

Member since 2025 · 4 posts · 4 votes

Greetings all,

I am new to the community and eager to start investing in real estate full-time. Currently, I am in the process of building a new single-family residential home and an accessory dwelling unit (ADU) in Lewisville, Texas. I expect to receive the building permit within the next few weeks. This is my first investment, and I've learned a lot from this experience so far, and I'm ready to keep moving forward with new projects.

I am interested in investing locally in Denton County and the surrounding counties. My focus is on finding lots or land for new construction, opportunities for fix-and-flip projects, long-term rental holds, or multi-family investments.

At 42 years old, I have decided to leave the corporate world behind after 22 years. I am very passionate about real estate and truly believe this is my calling. I would greatly appreciate any contacts, leads, or advice to help me get started in the right direction.

Thank you,

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Melanie ThomasBusiness Member
Real Estate Broker · San Antonio · Member since 2022 · 1k+ posts · 489 votes
1y

Welcome to the community! Huge congratulations on your first investment and the new projects you’re working on—that’s an exciting step forward! It sounds like you’re off to a great start, and Denton County is a fantastic area to focus on. With your passion and experience, I’m sure you’ll do great in real estate. Don’t hesitate to reach out for advice or connections—this community is full of helpful people who want to see you succeed. Wishing you all the best as you move forward! Good luck & happy investing!

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  • Real Estate Broker · Coppell, TX · Member since 2011 · 5k+ posts · 4k+ votes
    1y

    Are you building in Old Town?   Are you building with cash or lending?  

    Did lender give you any difficulty adding the ADU.

    Is your lot zoned R18? Did LV require any additional off street parking for ADU?

    Are you thinking to rent the ADU as STR or LTR? I've seen STR restrictions for LV, but not sure what they are? Does the city allow STR for your ADU?

    Seems like there are lots of restrictions on lot size in LV for building with ADU, so that is tricky. If you pull this off, congratulations to you.

    The biggest trick I think for most people is getting funding for investment if you aren't working any longer?  How are you tackling this?

  • Member since 2025 · 4 posts · 4 votes
    1y

    Hi Bruce,

    Thank you for your reply. I am building in Old Town. I am using cash. The lot was zone R-7-5, but it must have changed. The parking situation just changed last week. They do not allow two seperate driveways, which was on my original site plan. They require enough space in the primary driveway for the ADU and primary home.

    I will be renting it out as a LTR. I'm not sure if the city allows for STR. The plans are essentially ready for approval, just need a few revisions, so I should be able to pull it off :). The city's Planning dept. approached me with the idea actually, as I was originally only going to build the house. I just went ahead and did it since I was able to use the same grading plan.

    I planned on using funding for investing with the rental income.  I am still working, so I am going to see how this goes before I do it full-time.  

    I'd love to connect and see if you have any opportunities that you are aware of.

    Thank you,

    Alberto


  • Lender · Austin, TX · Member since 2025 · 98 posts · 19 votes
    1y

    @Alberto Castilleja congrats on making the leap! Texas is definitely the spot to be! Thousands of people moving here everyday. Please reach out with any specific questions you ever have. Do you use or have you thought about using Hard Money in your real estate investing process? Happy to connect more with you. Very exciting journey for sure. Take care.

  • Melanie ThomasBusiness Member
    Real Estate Broker · San Antonio · Member since 2022 · 1k+ posts · 489 votes
    1y

    Welcome to the community! Huge congratulations on your first investment and the new projects you’re working on—that’s an exciting step forward! It sounds like you’re off to a great start, and Denton County is a fantastic area to focus on. With your passion and experience, I’m sure you’ll do great in real estate. Don’t hesitate to reach out for advice or connections—this community is full of helpful people who want to see you succeed. Wishing you all the best as you move forward! Good luck & happy investing!

    RentWerx Property Management4.73295 Reviews
  • Jay ThomasPro Member
    Real Estate Agent · Houston, TX · Member since 2021 · 1k+ posts · 715 votes
    1y

    Hey Alberto, welcome to the BP community.

    Wishing you all the best on this new journey.

  • Real Estate Agent · San Antonio · Member since 2024 · 103 posts · 42 votes
    1y

    Hey Alberto,

    Welcome to the community, and congrats on taking the leap into real estate investing! It’s exciting to hear about your first project, and Denton County is a great market with plenty of opportunity.

    I’m a native San Antonio real estate agent specializing in investment properties, and I’d love to connect. While I primarily work in San Antonio, I also have connections in the Dallas area who could be valuable resources as you grow your portfolio. Whether you’re looking for off-market deals, contractors, or other investment opportunities, I’d be happy to help connect you with the right people.

    Looking forward to seeing your journey unfold—feel free to reach out anytime!

    Best,

    Lisa Choi

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